media releases

Vancouver, British Columbia (May 1, 2007) - Lululemon Corp. announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission, and a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, relating to a proposed initial public offering of approximately $200 million of its common stock. The proposed public offering is expected to consist of approximately $25 million of shares of common stock offered by Lululemon and the remaining shares offered by selling stockholders. The underwriters will have an option to purchase approximately $30 million of additional shares of common stock from selling stockholders.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Lululemon Corp. is a designer and retailer of yoga-inspired technical athletic apparel and accessories, including fitness pants, shorts, tops and jackets designed for athletic pursuits such as yoga, dance, running and general fitness.

The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from:

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding lululemon athletica inc (PR)'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.